Hortonworks built its business on innovation. So from the get-go, it sought a finance solution that shared the same mindset. That’s why the open source data company turned to Adaptive Insights to complement its NetSuite cloud ERP solution.
Today, Hortonworks is one of the many customers that rely on Adaptive Insights for financial planning.
“We love the NetSuite connector,” said Dan Bradford, vice president of finance for Hortonworks. “We’re using it to make income statement reconciliations and quickly find and reconcile any variances so that I can focus on the most important nuggets of data. And at the end of each quarter, we import actual costs from NetSuite and give our board a complete corporate performance report.”
Indeed, teaming Adaptive Insights with NetSuite has been transformative for Hortonworks.
When Bradford first arrived at the company, he immediately found challenges related to reporting and forecasting. Hortonworks was relying on a time-consuming and outdated FP&A solution that was no match for what he calls the dreaded “multies”—multiple entities, in multiple countries, handling multiple currencies.
Better forecasting pays off
Bradford and his team have leveraged Adaptive Insights to tackle a robust range of forecasting duties that reach well beyond pure financials, including managing employee growth.
“I use Adaptive Insights to track new hires and who is slated to be hired,” said Bradford. “The ability to change a headcount assumption, and have it globally run through our entire business model to see the impact on payroll taxes or personnel allocations, is instantaneous with Adaptive Insights.”
Bradford also cites a number of other advantages for combining Adaptive Insights with NetSuite:
- Drilldown analysis of KPIs
- More accurate and frequent planning and detailed what-if analysis
- Easy-to-update, 18-month rolling forecasting
“If Adaptive Insights fell off the earth, it would be like cutting off my arm,” said Bradford. “I instantly knew Adaptive Insights had return on investment. It’s top of mind for financial planning, and it allows me to spend much more time on really strategic things instead of jockeying spreadsheets for eight hours.”